Guideline Value for SRI DHANALAKSHMI NAGAR

Sri Dhanalakshmi Nagar guideline value

The current guideline value of Sri Dhanalakshmi Nagar is Rs 100 per sq.ft, effective from 1 July 2024. This area is located in Alapakkam village and falls under the Arani_Tiruvallur SRO. The land classification for this street is Residential Class IV Type - I.

How the guideline value of Sri Dhanalakshmi Nagar has changed

According to the guideline value register, there are no figures available for Sri Dhanalakshmi Nagar for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision recorded a guideline value of Rs 100 per sq.ft, which remained unchanged in the 2024 revision.

From the 2023 to 2024 revision, there was no percentage change, maintaining the guideline value at Rs 100 per sq.ft. This consistency indicates that the value has not fluctuated over the past year.

Guideline values in Alapakkam

In Alapakkam, there are five streets under the Arani_Tiruvallur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 111 per sq.ft, with a median value of Rs 111 per sq.ft. Sri Dhanalakshmi Nagar's 2024 figure is below this median.

• Sri Gajalakshmi Nagar: Rs 111 per sq.ft (2024)
• Sri Gejalakshmi Nagar: Rs 111 per sq.ft (2024)
• Sri Amman Nagar: Rs 100 per sq.ft (2024)
• Sadaanandaa Homes: Rs 111 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Dhanalakshmi Nagar

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 1,00,000. The stamp duty at 7% amounts to Rs 7,000, and the registration fee at 2% is Rs 2,000, totaling Rs 9,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Dhanalakshmi Nagar?

The Sub Registrar Office that covers Sri Dhanalakshmi Nagar is the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Alapakkam

The guideline value is a crucial factor in determining the stamp duty and registration fees when buying or selling property in Alapakkam. It serves as a benchmark for the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue from property transactions.

When a property is sold, the buyer must pay stamp duty based on the higher of the guideline value or the sale price. This ensures that the transaction is recorded accurately and that the necessary fees are collected based on the property's assessed value.

Frequently asked questions

What is the current guideline value of Sri Dhanalakshmi Nagar?

The current guideline value of Sri Dhanalakshmi Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

There are no figures available for the years 2002, 2003, 2007, 2012, and 2017. The guideline value was Rs 100 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these years.

What is the median guideline value in Alapakkam?

The median guideline value in Alapakkam for 2024 is Rs 111 per sq.ft, with Sri Dhanalakshmi Nagar's value being below this median at Rs 100 per sq.ft.

What are the stamp duty and registration fees for properties in Sri Dhanalakshmi Nagar?

For a 1,000 sq.ft plot, the stamp duty is Rs 7,000, and the registration fee is Rs 2,000, totaling Rs 9,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations in Sri Dhanalakshmi Nagar?

The Arani_Tiruvallur Sub Registrar Office handles property registrations for Sri Dhanalakshmi Nagar, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101.